129 - US Crusade Against Staking and Stablecoins

In this episode, I share my analysis of why US regulators have recently gone on a crusade of enforcement in the crypto space, using Kraken, Paxos, and Binance as the prime examples to highlight the issues that are being experienced by FinTech organizations currently.  If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    Today's episode: [00:39] An overview of today's topic.  [01:07] A common mistake made by struggling compliance professionals and the program I created to change this. [04:37] Exploring the concept of staking.  [06:52] What the Kraken staking program consisted of.  [07:23] The issue that US regulators had with Kraken's marketing approach and a safer approach that could have kept them out of trouble.  [08:40] Kraken's second mistake: mixing their own staking pool with their customers' staking pool.   [11:34] A summary of the factors that made Kraken vulnerable.  [12:50] Why the SEC forced Paxos and Binance to stop issuing Binance USD Stablecoins. [17:33] Examples of what the term "stablecoin" refers to.  [18:12] Changes that stablecoin issuers and users can expect in the coming months.    Show links: Learn to be valued as a FinTech compliance expert! Join our next call: https://yana-afanasieva.mykajabi.com/collective  Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.

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